Mr. McDermott is a founding principal and the VP of Business Development at Fay Financial, special servicer of residential whole loans. He is responsible for marketing and management of strategic partnerships with alternative investors and banking institutions. Mr. McDermott has capital markets experience in both mortgage-backed security and equity markets and has spent the majority of his career in institutional sales at UBS and Stifel Nicolaus. There he developed and managed research and trading relationships with some of the largest hedge funds, mutual funds, and pension funds in the U.S. He received his MBA in Finance, Marketing and Accounting from Northwestern Universitys Kellogg School of Management and his undergraduate degree in Finance from Georgetown University.
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